Time was when the banks paid you decent interest for the privilege of holding (and using) the money you trusted to them. Now more and more want to charge you for their “trouble” holding it. “Free” checking is all but a footnote in the history books, and I can remember getting “loyalty” bonus rates added to CD’s that rolled over that were higher than the average CD rate itself is now.
Time was when the banks paid you decent interest for the privilege of holding (and using) the money you trusted to them. Now more and more want to charge you for their “trouble” holding it. “Free” checking is all but a footnote in the history books, and I can remember getting “loyalty” bonus rates added to CD’s that rolled over that were higher than the average CD rate itself is now.